Executive Summary
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with excellent balance sheet.
Similar Companies
Share Price & News
How has DBS Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: D05's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.0%
D05
3.0%
SG Banks
5.3%
SG Market
1 Year Return
-28.8%
D05
-22.5%
SG Banks
-25.9%
SG Market
Return vs Industry: D05 underperformed the SG Banks industry which returned -22.1% over the past year.
Return vs Market: D05 underperformed the SG Market which returned -27.3% over the past year.
Shareholder returns
| D05 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 3.0% | 5.3% |
| 30 Day | -23.0% | -12.7% | -18.7% |
| 90 Day | -28.2% | -20.9% | -24.5% |
| 1 Year | -24.7%-28.8% | -19.3%-22.5% | -22.7%-25.9% |
| 3 Year | 11.6%-3.4% | -4.4%-14.6% | -18.4%-27.1% |
| 5 Year | 13.2%-8.6% | -0.8%-18.4% | -17.0%-31.2% |
Price Volatility Vs. Market
How volatile is DBS Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should You Think About Buying DBS Group Holdings Ltd (SGX:D05) Now?1 month ago | Simply Wall St
Should You Be Worried About Insider Transactions At DBS Group Holdings Ltd (SGX:D05)?1 month ago | Simply Wall St
You Have To Love DBS Group Holdings Ltd's (SGX:D05) DividendValuation
Is DBS Group Holdings undervalued compared to its fair value and its price relative to the market?
33.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: D05 (SGD18.57) is trading below our estimate of fair value (SGD27.95)
Significantly Below Fair Value: D05 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: D05 is good value based on its PE Ratio (7.5x) compared to the Banks industry average (7.6x).
PE vs Market: D05 is good value based on its PE Ratio (7.5x) compared to the SG market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: D05 is poor value based on its PEG Ratio (12.9x)
Price to Book Ratio
PB vs Industry: D05 is overvalued based on its PB Ratio (0.9x) compared to the XA Banks industry average (0.6x).
Next Steps
Future Growth
How is DBS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
0.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: D05's forecast earnings growth (0.6% per year) is below the savings rate (1.8%).
Earnings vs Market: D05's earnings (0.6% per year) are forecast to grow slower than the SG market (4.9% per year).
High Growth Earnings: D05's earnings are forecast to grow, but not significantly.
Revenue vs Market: D05's revenue (4% per year) is forecast to grow slower than the SG market (4% per year).
High Growth Revenue: D05's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: D05's Return on Equity is forecast to be low in 3 years time (11.6%).
Next Steps
Past Performance
How has DBS Group Holdings performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: D05 has high quality earnings.
Growing Profit Margin: D05's current net profit margins (45.5%) are higher than last year (44%).
Past Earnings Growth Analysis
Earnings Trend: D05's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: D05's earnings growth over the past year (14.7%) exceeds its 5-year average (8.8% per year).
Earnings vs Industry: D05 earnings growth over the past year (14.7%) exceeded the Banks industry 8.1%.
Return on Equity
High ROE: D05's Return on Equity (12.4%) is considered low.
Next Steps
Financial Health
How is DBS Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: D05 has a low level of unsold assets or inventory.
Debt Coverage by Assets: D05's debt is covered by short term assets (assets are 1.5x debt).
Financial Institutions Analysis
Asset Level: D05's level of assets compared to its equity is moderate.
Allowance for Bad Loans: D05 has a low allowance for bad loans.
Low Risk Liabilities: D05's liabilities are made up of primarily low risk sources of funding.
Loan Level: D05 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: D05's loans are broadly funded by customer deposits.
Level of Bad Loans: D05 has an appropriate level of bad loans (1.49%)
Next Steps
Dividend
What is DBS Group Holdings's current dividend yield, its reliability and sustainability?
7.11%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: D05's dividend (7.11%) is higher than the bottom 25% of dividend payers in the SG market (3.27%).
High Dividend: D05's dividend (7.11%) is in the top 25% of dividend payers in the SG market (7.07%)
Stability and Growth of Payments
Stable Dividend: D05's dividends per share have been stable in the past 10 years.
Growing Dividend: D05's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.9%), D05's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: D05's dividends in 3 years are forecast to be covered by earnings (52.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.3yrs
Average management tenure
CEO
Piyush Gupta (59yo)
10.25s
Tenure
S$12,126,542
Compensation
Mr. Piyush Gupta has been the Chief Executive Officer of DBS Group Holdings Ltd and DBS Bank Ltd. since November 9, 2009. Mr. Gupta served as the Chief Executive Officer of South-East Asia & Pacific region ...
CEO Compensation Analysis
Compensation vs Market: Piyush's total compensation ($USD8.51M) is about average for companies of similar size in the SG market ($USD7.39M).
Compensation vs Earnings: Piyush's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.25yrs | S$12.13m | 0.074% SGD34.5m | |
| Chief Financial Officer | 11.42yrs | no data | no data | |
| MD, Chief Information Officer and Head of Group Technology & Operations | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| MD and Head of Legal | no data | no data | no data | |
| MD & Head of Group Strategic Marketing and Communications | 14.67yrs | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Group Head of Institutional Banking (IBG) | 9.67yrs | no data | no data | |
| Group Head of Consumer Banking (CBG) & Wealth Management | 9.42yrs | no data | no data | |
| MD & Head of Capital Markets | no data | no data | no data |
10.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: D05's management team is seasoned and experienced (10.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.25yrs | S$12.13m | 0.074% SGD34.5m | |
| President Director of PT Bank DBS Indonesia | no data | no data | no data | |
| Non-Executive Chairman | 9.83yrs | S$1.97m | 0.0095% SGD4.4m | |
| Non-Independent Director | 1.25yrs | S$418.00k | 0.0019% SGD882.8k | |
| Non-Executive Director | 11.25yrs | S$289.78k | 0.0023% SGD1.1m | |
| Independent Director | 8.83yrs | S$268.00k | 0.00015% SGD69.7k | |
| Independent Director | 7.83yrs | S$312.50k | 0.0011% SGD511.1k | |
| Non-Executive Director | 7.83yrs | S$246.00k | 0.0010% SGD473.9k | |
| Non-Executive & Independent Director | 1.42yrs | S$299.12k | 0.0035% SGD1.6m | |
| Non-Executive & Non-Independent Director | 9.42yrs | S$308.75k | 0.0026% SGD1.2m |
8.8yrs
Average Tenure
64yo
Average Age
Experienced Board: D05's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
DBS Group Holdings Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: DBS Group Holdings Ltd
- Ticker: D05
- Exchange: SGX
- Founded: 1968
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: S$46.465b
- Shares outstanding: 2.54b
- Website: https://www.dbs.com
Number of Employees
Location
- DBS Group Holdings Ltd
- Tower 3
- DBS Asia Central @ Marina Bay Financial Centre
- Singapore
- 18982
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DBSD.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jan 1985 | |
| DBSD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 1999 |
| D05 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Sep 1999 |
| DEVL | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 1999 |
Biography
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers. The Institutional Banking segment provides financial services and products for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. Its products and services comprise short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. The Treasury Markets segment is involved in structuring, market-making, and trading in a range of treasury products. The Others segment offers stock trading and Islamic banking services. The company operates approximately 280 branches across 18 markets. DBS Group Holdings Ltd was founded in 1968 and is headquartered in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 12:48 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.